Cement Americas

SUM 2019

Cement Americas provides comprehensive coverage of the North and South American cement markets from raw material extraction to delivery and tranportation to end user.

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www.cementamericas.com • Summer 2019 • CEMENT AMERICAS 9 CEMENTSCOPE Construction Inspection Repair www.mariettasilos.com ( 740 ) 373-2822 Silo/Bin Cleaning Roof Coating Vacuum Truck Service Air Pad Maintenance www.usasilos.com ( 740 ) 749-3329 Colombian industrial conglomerate Grupo Argos has reportedly approached Denver-based Summit Materials about a merger, according to Reuters' sources. The com- pany would combine its subsidiary Cementos Argos, which currently operates six U.S cement plants and 15 terminals, with Summit in a deal to further bolster its U.S. footprint. Summit Materials is an active acquirer in the construction materials industry having completed 70 deals since its founding in 2009. However, Summit's CEO Tom Hill stat- ed during the company's first-quarter conference call last month that "with respect to acquisitions, our pipeline has slowed a bit." According to The Motley Fool, the compa- ny's lack of acquisition prospects and its firepower to make deals makes "Summit an attractive acquisition candidate for the deeper-pocketed Grupo Argos." Upon news of the potential merger, Summit's shares rose 14% to $15.61 giving it a market capitalization of $1.8 bil- lion. The company's debt stood at $1.9 billion as of the end of March. Reuters noted that Summit's shares have under- performed this year against peers Martin Marietta Mate- rials and Vulcan Materials as the cement sector becomes increasingly competitive. ƌŐŽƐZĞƉŽƌƚĞĚůLJtĂŶƚƐĂ^ƵŵŵŝƚDĂƚĞƌŝĂůƐDĞƌŐĞƌ ^^ĞĞŬƐŶƚƌŝĞƐĨŽƌWƌŽũĞĐƚŽĨƚŚĞzĞĂƌǁĂƌĚƐ The Slag Cement Association (SCA) announced nominations are currently being accepted for the 2019 Slag Cement Proj- ect of the Year Awards. Projects in the United States com- pleted or scheduled to be completed between Jan. 1, 2018, and Dec. 31, 2019, are encouraged to apply by Nov. 1. Construction projects will be recognized in the categories of architectural design, durability, green design, high per- formance, innovative design, and sustainability. Further, a research award is open to any U.S. or Canadian college stu- dent(s) that have done research that includes the use of slag cement. Winning research nominations will receive a $1,000 stipend for expenses to attend the awards ceremony. " The SCA awards program has always been focused on honoring the innovative use of slag cement in durable con- crete. Adding this research category to the lineup has been a great way to expand that concept while getting students involved," said Ed Griffith, SCA board president. Awards will be presented at the American Concrete Insti- tute's Spring Convention, Hyatt Regency O'Hare Chicago, March 29-April 2, 2020. In addition to the in-person awards ceremony, winning projects also receive social media, digi- tal, and print recognition.

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